Advisors are poised for higher interest rates and are certain 2018 will bring more than one hike. Two-thirds predict there will be two rate hikes and another 20 percent expect three or more hikes next year. Their most popular strategies for generating income in a rising rate environment are multistrategy bond funds, floating-rate loan funds and high-yield bond funds, the survey said.
More clients are becoming interested in responsible investing, but advisors seem to be holding back because they do not feel prepared to handle it, according to the survey. One-third of advisors said they are not adequately informed about responsible investing strategies and another 38 percent said, while somewhat informed, they are looking for further education. Only 21% reported feeling very well informed.